Business Context and Reporting Period
This Form 8-K is a current report filed by XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT), a closed-end fund incorporated in Delaware. The report date is November 1, 2019, covering the declaration of a regular monthly distribution.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the distribution declaration:
- Monthly Distribution: $0.073 per share
- Record Date: November 15, 2019
- Payment Date: December 2, 2019
Material Changes
The filing does not disclose material changes in financial performance, asset composition, or operational status compared to prior periods. The report is limited to the routine announcement of the monthly distribution.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific discussion of risks and contingencies beyond the standard disclosure of the distribution event. No unusual items are reported.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.073 distribution.
- Confirm the record date of November 15, 2019, for shareholder eligibility.
- Review the full press release (Exhibit 99.1) for any additional context not summarized in the 8-K text.
- Note that this filing does not contain updated portfolio or balance sheet data; refer to the most recent 10-Q or 10-K for financial position details.